A leading finance academic will succeed retiring Edward Chen Kwan-yiu as president of Lingnan University next year. Chan Yuk-shee, vice-president for academic affairs at the Hong Kong University of Science and Technology (HKUST), will take up the top post from September 2007, he said yesterday. 'The university's president selection committee has recommended me for the post but it is still subject to the university council's approval,' Professor Chan said. 'I am delighted and honoured to take up the post and it is a step forward to my career.' Bernard Charnwut Chan, an executive councillor and chairman of the selection committee, confirmed last night that the committee would recommend Professor Chan to the university council. 'He is an outstanding candidate,' Mr Chan said. 'He was the founding dean of HKUST's business school at the age of 40, which is extraordinary.' A Lingnan University source said Professor Chan, 52, was selected from 80 candidates, including local and overseas scholars. HKUST president Paul Chu Ching-wu was notified by Professor Chan of the appointment, according to the university's spokesman. 'Professor Chan has told the president over the Lingnan University's nomination,' the spokesman said. 'If Professor Chan accepts the post, naturally it will be a huge loss to the HKUST.' Professor Chan received his bachelor's degree from the Chinese University of Hong Kong, and his master's, master's of business administration and doctorate from the University of California, Berkeley. He taught in the US and was the chair professor of finance at the University of Southern California.